Securing Contracts Illegally

The corner of the defense contracting industry devoted to developing systems to secure equipment and cargo may seem mundane, but apparently it's filled with intrigue. The Washington Times reports today that Robert Fischetti, former sales director at Peck & Hale LLC in West Sayville, N.Y. -- which makes such systems -- has pleaded guilty to trying to rig bids on Defense contracts. And he's not the only one: Two Pennsylvania executives have already entered guilty pleas on bid-rigging charges in cases involving Navy contracts for metal sling hoist assemblies.